8, THE RIDGEWAY, MARGATE, CT9 2TL - £94,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 THE RIDGEWAY is a semi-detached house, which could now be worth an estimated £395,449. It was last sold for £94,500 in March 2001, which was around 21% above the average March 2001 semi-detached price in the Thanet local authority area.

8 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 8 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Thanet local authority area for the corresponding sale date. Both of the two 8 THE RIDGEWAY sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2001 23 MAR	£94,500	£78,074	21% above HPI
1998 25 AUG	£58,500	£55,111	6% above HPI

What might 8 THE RIDGEWAY be worth now?

8 THE RIDGEWAY might now be worth an estimated £395,449.

This is based on house price inflation of 318.5%, between March 2001 and May 2026, for semi-detached houses, in the Thanet local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 318.5% inflationary increase is applied to the most recent sale price for 8 THE RIDGEWAY of £94,500 on 23rd March 2001. For the value to have increased from £94,500 to £395,449 over the 24 years and ten months to May 2026, the following assumptions must hold true:

• The value of 8 THE RIDGEWAY has moved in line with the HPI for semi-detached houses in the Thanet local authority area.
• The March 2001 sale price of £94,500 represented a fair market value for the property.
• The size, condition, and specification of 8 THE RIDGEWAY has not materially changed since March 2001.

Where is 8 THE RIDGEWAY?

8 THE RIDGEWAY is located in MARGATE, in the CT9 postcode district.